Complete Guide to Income from Other Sources Under Indian Tax Laws

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income-tax under a residuary head, , income from other sources 19 In It was held that such winning was taxable along with the income of the

Individuals who have opted to be taxed under the Gross Income Based System will pay tax on their assessable income at the following rates: Individuals with Taxation of Winnings from Lottery, Game Shows, Puzzles

भारतीय खेल प्राधिकरण की स्थापना Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no No matter the winner's income tax level, Section 194B of the Income Tax Act, 1961 mandates that any prizes over Rs 10,000 from games, TV shows,